The Asia Pacific Insider Threat Protection Market would witness market growth of 18.2% CAGR during the forecast period (2023-2030).
The demand for insider threat prevention solutions is increased by the ability of insider risk management tools to assist enterprises in meeting these standards and ensuring compliance. In addition, enterprises can better defend themselves against insider threats by employing emerging technologies like machine learning (ML) and artificial intelligence (AI). By aiding security teams in decreasing event noise and acquiring particular insights into cybersecurity risks, the integrated solution will help users improve response workflows and expedite security operations.
As a result, the market is anticipated to grow at a faster rate over the projected period as a result of these advancements. The International Monetary Fund (IMF) in its report Cyber Risk for the Financial Sector assessed the impact of cyber risks on numerous financial institutions and inferred advanced economies were the primary targets of cyber-attacks. The same report stated that the banks were the target of most financial institution attacks (91 percent), followed by insurance businesses (7 percent). The primary business lines pursued by banks were credit card services and retail banking activities.
The nations in this region have a strong industrial sector because it is easy to find cheap labor. As an illustration, China has grown to play a significant role in international trade since entering the World Trade Organization (WTO). Since then, net exports have significantly raised the Chinese manufacturing and production level. The International Trade Administration also notes that, in recent years, the manufacturing sector in India contributes roughly 16–17% of the country's GDP. Today's technology has boosted innovation, with digital transformation a key component in getting an edge in this sector. By establishing a network of connected people, equipment, systems, and devices, IoT is expected to significantly impact industrial organizations. All these elements will accelerate the regional market's growth during the projection period.
The China market dominated the Asia Pacific Insider Threat Protection Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,065.2 Million by 2030. The Japan market is experiencing a CAGR of 17.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 18.7% during (2023 - 2030).
Based on Component, the market is segmented into Software, and Services. Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, Manufacturing, IT & Telecom, Retail & Ecommerce, Government & Defense, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises, and SMEs. Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Insider Threat Protection Market is Projected to reach USD 12.7 Billion by 2030, at a CAGR of 17.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc, Microsoft Corporation, Broadcom, Inc., VMware, Inc., Citrix Systems, Inc. (Cloud Software Group, Inc.), Kaspersky Lab, Ivanti, Inc. (Clearlake Capital Group, L.P.), Micro Focus International PLC (Open Text Corporation), Zoho Corporation Pvt. Ltd. and McAfee Corp.
By Component
By Vertical
By Organization size
By Deployment Mode
By Country
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